Breakwater Capital Group Sells 1,870 Shares of Intel Co. (NASDAQ:INTC)

Breakwater Capital Group decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 10.9% in the 4th quarter, Holdings Channel reports. The firm owned 15,297 shares of the chip maker’s stock after selling 1,870 shares during the period. Breakwater Capital Group’s holdings in Intel were worth $307,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Cyrus J. Lawrence LLC purchased a new position in Intel in the 2nd quarter worth approximately $27,000. Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Intel in the third quarter worth $34,000. Capital Performance Advisors LLP purchased a new stake in Intel during the third quarter valued at about $36,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in Intel by 52.5% during the second quarter. Beaird Harris Wealth Management LLC now owns 1,792 shares of the chip maker’s stock worth $55,000 after purchasing an additional 617 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of INTC opened at $19.20 on Wednesday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The firm has a market capitalization of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07. The firm’s 50-day moving average price is $21.89 and its 200-day moving average price is $23.49. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the company posted $0.28 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on INTC. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. The Goldman Sachs Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Truist Financial lifted their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Mizuho cut their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $29.96.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by insiders.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.